CJ Enterprises Estimates That It Takes, on Average, Three Days

question 60

Multiple Choice

CJ Enterprises estimates that it takes, on average, three days for their customers' payments to reach them, one day for the payments to be processed and deposited by their bookkeeping department, and two more days for the check to clear once they're deposited. What is their collection float?

• A) 6 days
• B) 5 days
• C) 4 days
• D) 3 days

---

Definitions:

Formal Charge

Formal charge is a concept in chemistry that represents the charge assigned to an atom in a molecule, assuming that electrons in chemical bonds are shared equally between atoms.

Non-Bonding Electrons

Electrons in an atom or molecule that are not involved in chemical bonding and occupy the outermost shells or subshells.

Formal Charge

A theoretical charge assigned to an atom in a molecule representing the electron count difference from its neutral state.

Dimethyl Ether

A colorless gas used as an aerosol propellant and a refrigerant, composed of two methyl groups bonded to a central oxygen atom.